Friday, September 5, 2008

What is Donut Freedom Day?

Apparently, many hard working, tax-paying Americans are concerned with the day of the year on which they have earned enough at their jobs to pay off their taxes (that day is called Tax Freedom Day, after which all your income is "yours" and not the government's). (Read about it here among other places: http://www.taxfoundation.org/taxfreedomday ) I don't know why we start on Jan. 1. Did you start working on Jan. 1 without having worked the previous day or week? It's a holiday, so how many new workers start that day? (As a statistic, this just seems a bit random, that's all. And not useful.)




How many donuts do we eat, or, more importantly, how much do we pay for them?

Here's one answer: Donut Stats
This means we spend just $2.18 per capita on donuts. Wow, that is certainly lower than I expected, and shocking, considering that's 3 Krispy Kremes, and I'm just getting started with 3, IF I'm eating donuts.
So for the average American, Donut Freedom Day is January 1. At about 12:30 a.m. Which is usually when one is hitting the ol' Dunkin Donuts.

But that is just for supermarket donuts, not the fresh kind. According to various sources, Americans (who eat less donut per capita than Canadians) consume over 10 billion donuts per year to the tune of 5 billion dollars. So the per capita spending of Americans on donuts is $16.61.
So Donut Freedom Day is still January 1, but at about 3:45 a.m. Rest easy, America: the rest of the year's income is up to you to spend.

(Note: American per capita income for 2007 was $38,611. Source: Bureau of Economic Analysis.)

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